AMERICAN LEGION 574 HUDSON FALLS P… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Principal Officer

LARRY MONTELLO

Phone

5187479891

Tax Period

2023-01-01 to 2023-12-31

AMERICAN LEGION 574 HUDSON FALLS POST, founded in 1946, is a small nonprofit that reported $462K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $95K, a strong 20% operating margin.

Mission

TO PROMOTE THE SOCIAL WELFARE OF THE COMMUNITY; TO CARRY ON PROGRAMS TO PERPETUATE THE MEMORY OF VETERANS; TO SPONSOR OR PARTICIPATE IN PATRIOTIC ACTIVITIES; TO PROVIDE SOCIAL AND RECREATIONAL ACTIVITIES FOR ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $347,048

SPONSORSHIP OF COMMUNITY PARADES AND SPORTING ACTIVITIES IN ADDITION TO PROVIDING MEMBERS WITH SOCIAL ACTIVITIES FURTHER HELPS THE ORGANIZATION ACHIEVE ITS EXEMPT PURPOSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $112,683

Program Service Revenue $0

Investment Income $871

Other Revenue $348,123

TOTAL REVENUE $461,677

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,617

Fundraising Expenses $0

Program Expenses $347,048

Other Expenses $218,509

TOTAL EXPENSES $367,126

Year-over-Year Comparison

	2023	2022	Change
Revenue	$461,677	$323,692	+0.4%
Expenses	$367,126	$280,543	+0.3%
Net Income	$94,551	$43,149	+1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$34,273

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELLE BREAULT	TREASURER	16.00	Director	$18,557	$0	$18,557
ROBERT BEARD	JUDGE ADVOCA	16.00	Director	$15,513	$0	$15,513
LARRY MONTELLO	COMMANDER	24.00	Director	$203	$0	$203
SALLY BARKER	3RD VICE COM	8.00	Director	$0	$0	$0
JOE BERNARD	2ND VICE COM	8.00	Director	$0	$0	$0
DAWN PALMER	1ST VICE-COM	8.00	Director	$0	$0	$0
DANA WARREN	ADJUTANT	8.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$461,677	$367,126	$365,935	$94,551
2022	$323,692	$280,543	$270,548	$43,149
2021	$220,019	$216,426	$226,246	$3,593
2020	$121,650	$146,388	$221,196	$-24,738
2019	$248,180	$224,049	$247,909	$24,131
2018	$233,529	$213,792	$223,609	$19,737

AMERICAN LEGION 574 HUDSON FALLS POST